#Hong Kong

Highlights: Hong Kong’s stablecoin bill establishes a licensing regime for stablecoin issuers. Issuers must meet stringent regulatory requirements, including reserve asset management and redemption mechanisms. Hong Kong aims to become a global leader in Web3 infrastructure through this legislation. The […]

Highlights: The crypto laundering ring funneled HK$118M via 550 shell accounts 12 suspects linked to cross-border laundering were arrested in Hong Kong Local exchange shops were used by the syndicate to convert the scam funds. An operation by the police […]

Highlights: NiuNiu now lets users deposit and trade cryptocurrencies directly on the platform. Investors can switch between crypto and stocks using one app, making asset management easier. Futu plans to add withdrawal options and support more virtual coins in the […]

Highlights: Hong Kong will allow licensed platforms to offer staking services under strict rules. Platforms must get approval before offering services and must keep full control of staked assets. Virtual asset funds can participate in staking through licensed platforms. The […]

Highlights: HK Asia Holdings bought 10 BTC, raising its total to 18.88 BTC, worth $858K. The company sees Bitcoin as protection against fiat currency loss. It disclosed the purchase as required by HKEX rules for transparency. Hong Kong-based HK Asia […]

Highlights: Authorities have flagged a fake account that posed as the Chief Executive and promoted a coin called National Hong Kong Coin. Hong Kong lawmaker Johnny Ng confirmed the government is not involved in the project and warned the public […]

Highlights: Deribit eyes Hong Kong expansion, citing strong demand for crypto derivatives from family offices and asset managers. Hong Kong’s virtual asset roadmap attracts global crypto firms amid growing institutional interest. Deribit’s trading volume surged to $1.2 trillion in 2024, […]

Highlights: Infini was the target of a malicious attack that resulted in a $49.5 million loss. The scammers invested the proceeds from the hack incident in Ethereum. Reacting to the unfortunate event, the Infini founder accepted responsibility and promised to […]

Highlights: Hong Kong is expanding tokenization and stablecoins to boost its Web3 industry. Officials will introduce stablecoin rules that will help to govern virtual assets. Lawmakers are urging the government to act quickly in order to remain competitive. Financial Secretary […]

Highlights: Standard Chartered, Animoca, and HKT have formed a joint venture to launch a stablecoin. Staticcoin will improve payment efficiency and cross-border transactions in Hong Kong. The stablecoin initiative strengthens Hong Kong’s global digital asset hub position. Standard Chartered, Animoca […]

Highlights: Hong Kong has added Bitcoin and Ethereum to its list of accepted digital assets for its investment immigration applications. The Legislative Council is drafting laws that will regulate stablecoins and support digital finance. Johnny Ng is advocating for the […]

Highlights: HashKey Capital gains approval to manage discretionary cryptocurrency accounts for high-net-worth clients in Hong Kong. The firm offers access to spot crypto, derivatives, and OTC trades across multiple secure and compliant platforms. Hong Kong plans to expand its crypto […]